ECB's Nagel: Nothing Off the Table for September Meeting

The video discusses the importance of recent rate hikes to combat inflation, which remains stubborn. It highlights the potential for future hikes, especially in Europe, and the need for a meeting-to-meeting approach to monetary policy. The impact and duration of these hikes are analyzed, with predictions suggesting a pause might not occur until the second half of 2024. The video emphasizes patience and data-driven decisions.

What factors does the speaker mention that could influence future rate hikes?

What does the speaker suggest about the approach to monetary policy in the current context?